Bauchi, BoI sign MoU to revive collapsed industries, establish new ones

By Tony Okechukwu


Bauchi State Governor, Senator Bala Muhammed, has attributed the collapse of industries and factories in the State to lack of capital, a development he lamented, has set the State back in terms of internally generated revenue.

To correct the situation, the Governor disclosed that his government will sign a Memorandum of Understanding (MoU) with the Bank of Industry (BoI) in order to revive all the ailing industries in the State.

The State Governor who disclosed this when he paid a courtesy visit to the Managing Director of the BoI in his office in Abuja, on Thursday, believes that when the MOU is signed, it will revive all the collapsed industries, build new ones thereby boosting local production of goods and services for exports, which in turn will boost revenue generation in the State.

The Managing Director also said that the bank will continue to provide financial and business support services to enterprises, as a way of fulfilling its mission of transforming the country’s industries.

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